Bitcoin

Bitcoin
9:53 am
Tue February 25, 2014

Bitcoin Exchange Mt. Gox Goes Dark After Theft Report

Kolin Burges, a self-styled cryptocurrency trader and former software engineer, was among a small number of protesters outside the Tokyo offices of bitcoin exchange Mt. Gox on Tuesday.
Toru Hanai Reuters/Landov

Originally published on Wed March 5, 2014 3:10 pm

"The website of major bitcoin exchange Mt. Gox was offline Tuesday amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency," The Associated Press reports.

Also Tuesday, all the posts had been erased from the Mt. Gox Twitter account.

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Austin
5:43 pm
Thu February 20, 2014

What's a Bitcoin ATM Doing in a Downtown Austin Bar?

Handlebar on East 5th is the home of Austin's, and the United States', first Bitcoin ATM.
Kelly Krupa/KUT

The first cash-dispensing Bitcoin ATM machine in the U.S. launched today, and it’s right here in Austin.

Bitcoin is a form of digital currency that was first developed in 2009; it is a peer-to-peer payment system that operates outside of a central authority or bank. As previously reported by KUT, Bitcoin was created for and traditionally used as a web-based currency, but some are attempting to move the currency offline.

The new Bitcoin ATM represents a big step in the process of trying to brand Bitcoin as a more “mainstream” form of currency.

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Technology
9:15 am
Thu June 6, 2013

Austin Bitcoiners Bring Online Currency Offline, Into Stores

Bitcoin is a web-based currency that uses transactions to create a finite, controlled number of bits that can be used as online credit.
flickr.com/dekstop

Bitcoin is blowing up, both in the successful and not-so-successful sense.

The currency is as volatile as a Texas summer is miserably hot. But the volatility’s not stopping Austin movers and shakers from capitalizing on the craze.

Last week, a Bitcoin startup that will help grow the online currency popped up in Austin. But some Austin Bitcoin’ers are trying to moving the currency offline and into the real world.

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